Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
BHP GroupBHP -0.52%70 EV-to-OCF is 12.14 as of Aug. 17, 2026, which is 54% above its 10-year median of 7.86. GuruFocus rates BHP with a GF Score™ of 70/100 and a GF Value™ of $59.59 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,666 Metals & Mining companies, BHP Group ranks worse than 87.43% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, BHP Group's Enterprise Value is $239,741 Mil.
BHP Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $19,747 Mil. Therefore, BHP Group's EV-to-OCF for today is 12.14.
The historical rank and industry rank for BHP Group's EV-to-OCF or its related term are showing as below:
BHP'
s EV-to-OCF Range Over the Past 10 Years
Min: 4.13 Med: 7.86 Max: 12.2
Current: 11.3
During the past 13 years, the highest EV-to-OCF of BHP Group was 12.20. The lowest was 4.13. And the median was 7.86.
BHP's EV-to-OCF is ranked worse than 87.43% of 2666
companies
in the Metals & Mining industry
Industry Median: -8.815
vs BHP: 11.30
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
BHP Group's share price for today is $86.78.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. BHP Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $4.026.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
BHP Group EV-to-OCF Related Terms
BHP Group EV-to-OCF Historical Data
* Premium members only.
The historical data trend for BHP Group's EV-to-OCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Other Industrial Metals & Mining subindustry, BHP Group's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BHP Group EV-to-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, BHP Group's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where BHP Group's EV-to-OCF falls into.
BHP Group's current Enterprise Value is $239,741 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. BHP Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $19,747 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BHP Group (BHP) has a EV-to-OCF of 12.14 as of Aug. 17, 2026. This is 54% above median its historical median of 7.86. Over the past decade, BHP Group's EV-to-OCF has ranged from 4.13 to 12.20. According to the industry distribution chart, BHP Group ranks #2331 out of 2666 companies in the Metals & Mining industry, placing it in the top 87.4%.
Is BHP Group's EV-to-OCF too high?
BHP Group's current EV-to-OCF of 12.14 is 54% above median its 10-year median of 7.86. Over the past 10 years, this metric has ranged from a low of 4.13 to a high of 12.20. Based on the distribution chart, BHP Group ranks #2331 out of 2666 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, BHP Group has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BHP Group's EV-to-OCF compare to competitors?
According to the Metals & Mining industry distribution chart, BHP Group ranks #2331 out of 2666 companies for EV-to-OCF. This places BHP Group in the lower half of its industry. Historically, BHP Group's own EV-to-OCF has ranged from 4.13 to 12.20 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Metals & Mining company?
A good EV-to-OCF depends on the Metals & Mining industry context. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. BHP Group's current EV-to-OCF is 12.14, which is 54% above median its own 10-year median of 7.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BHP Group stock overvalued right now?
Based on GuruFocus' analysis, BHP Group (BHP) is currently considered Significantly Overvalued. The stock's GF Value™ is $59.59, compared to a current price of $86.78 — trading 45.6% above its estimated fair value. The current EV-to-OCF is 12.14, which is 54% above median its 10-year median of 7.86. BHP Group's overall GF Score™ is 70/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For BHP Group (BHP), the current EV-to-OCF is 12.14 as of Aug. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BHP Group (BHP) Overvalued in 2026?
Based on GuruFocus' analysis, BHP Group stock appears to be overvalued.
The current stock price of $86.78 is trading 45.6% above its estimated GF Value™ of $59.59.
GuruFocus considers BHP Group to be Significantly Overvalued.
Key valuation signals for BHP:
EV-to-OCF: 12.14 (54% above median its 10-year median of 7.86)
GF Value™: $59.59 vs. price of $86.78 (45.6% above fair value)
No single metric tells the full story. See the BHP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual-listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore US oil and gas assets were sold in 2018, and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. It purchased copper miner Oz Minerals in fiscal 2023 and half of the Vicuna copper joint venture in fiscal 2025. It is entering the potash market through the development of its Jansen project in Canada. However, due to low prices, BHP placed its nickel business on care and maintenance in 2024.
70GF Score
Get the complete analysis for BHP
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BHP has been successfully added to your 
